Nelson claims that the team is working to finalize the update and he promises more details when he gets them. So far, he has posted no additional information.
Our sources claim that an update is still coming and Microsoft wants to get it out as soon as possible, but everyone seems to be quite tight lipped on what the holdup in getting it out is.
One thing that we do know is that you will have to manually accept this update in order for future updates to be pushed to your console automatically and installed. We just can’t wait for the battery indicator that is coming with the new update. That along with the disk drive space management will be a significant improvement over where we are today.